The global Cardboard Box And Container Manufacturing Market size is estimated at USD 70.03 Billion in 2022 and is projected to reach USD 92.94 Billion by 2030, growing at a CAGR of 3.6%.
Cardboard boxes and containers are fabricated boxes primarily utilized for packaging goods. Key end-use industries that use packaging include food & beverages, household electronic appliances, cigarette, and medical instruments manufacturing.
Marketers make smart use of cartons by using attractive graphics on the packaging. Cardboards have good printing and graphic holding capability.
Therefore, enterprises in order to gain traction consumer groups embed their logo, company name, and other promotional details on their packaging.
Cardboard containers are the cheapest form of packaging which helps in reducing the final product price on account of bundling with packaging which in turn is anticipated to increase its demand for packaging purposes in medical instruments, food & beverages, and household electronic appliances.
Global Cardboard Box and Container Manufacturing Market: Overview
Companies prosper on account of a reduction in transportation cost because of their low weight. The rise of substitutes is a concerning major threat faced by the cardboard packaging industry.
Buyers have a choice of a vast variety of alternatives which include containers made up of plastic, metal, and glass.
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There has been a significant propulsion in the usage of tin packaging in the U.S. resulting in a decline in product applications.
Conglomerates tend to go for backward integration to negate the power of suppliers and ensure continuous flow.
One such example is Indian tobacco goods commonly known as ITC which established its own packaging unit.
Non-durability is another threat that is pulling down the global market. Cardboard containers are easily prone to wear and tear.
They have a low product life when compared to rugged containers made up of metal or plastics. Beverages face problems due to container leakage.
Key Trends: Growth Determinants and Challenges
Sustainability accompanied with increase in online shopping across Central & Eastern Europe to drive market
About 45% of the consumers in Central and Eastern Europe prefer online shopping amid the COVID-19 pandemic. Studies and surveys predict that the new online buyers are expected to continue online shopping. More than half of the population in Central and Eastern Europe appreciate the incorporation of a sustainable approach and eco-friendly material in the cardboard boxes used for packaging.
Adherence to environmental standards during production
One of the prime challenges that cardboard box manufacturers are estimated to face over a period of time is lowering the greenhouse gas emissions and developing highly efficient & eco-friendly methods of manufacturing products. Cardboard boxes are experiencing increased demand among consumers, however, the high consumption of energy and the impact on the environment acts as a major restriction for it to be considered as a highly sought-after packaging product. As corrugated boxes are made from wood pulp, their production has a significant impact on forests.
Competitive Landscape:
- International Paper Company
- Mondi Group
- DS Smith PLC
- WestRock Company
- Smurfit Kappa Group
Segmental Analysis of Global Cardboard Boxes and Container Manufacturers:
Based on Type
- Slotted Boxes
- Rigid Boxes
- Folder Boxes
- Telescope Boxes
The slotted boxes segment led the market in terms of both value and volume. They are generally made from one piece of corrugated board which is usually stitched, taped, or glued. The blank, or tray, is scored and fitted to allow folding after which the boxes are dispatched flat to the user.
Based on Material
- Medium
- Linerboard
- Others
The linerboard material segment led the market in terms of both value and volume. Kraft liner contains at least 80% virgin craft pulp fibers. Due to its high strength and moisture resistance, Craft liner is used as an outer and intermediate ply in corrugated boxes. The craft linerboard is primarily used for the manufacture of high-grade colour-printed corrugated boxes for the food & beverages, home & personal care, and other industries.
Based on Printing Ink
- Water-based Ink
- UV-curable Ink
- Hot Melt-based Ink
- Solvent-Based Ink
The water-based ink segment led the printing ink segment of the market by both value and volume. Water-based inks are composed of pigments or dyes in a colloidal suspension with water-soluble resins or resin emulsions. Typically, water-based inks contain a higher percentage of solids, which implies that there is less liquid to be removed.
Based on Printing Technology
- Digital Printing
- Flexography Printing
- Lithography Printing
- Others
Flexography segment led the printing technology of the market. Flexography is a quick and economical printing technique which is widely used in packaging printing due to the wide range of benefits offered. It is used to apply simple designs and colours to a wide range of packaging materials, such as corrugated boxes, plastic containers, tapes, envelopes, and metal foils.
Based on End-User
- Food and Beverages
- Electronic Goods
- Home and Personal Care Goods
- Chemicals
- Textile Good
- Glassware and Ceramics
- Paper Products
The food & beverages segment led the market in terms of both value and volume. The key categories found in the food & beverage industry include fresh produce, processed food, and non-perishables. The food & beverages sector requires packaging for the storage, handling, and transportation of products.
Based on Region
- APAC
- EUROPE
- NORTH AMERICA
- SOUTH AMERICA
- MIDDLE EAST and AFRICA
The APAC region is attributed as the largest market, in terms of value. APAC is also expected to grow at the highest CAGR during the forecast period. Growth in APAC is backed by the efficient demand and supply cycle of the food & beverage, electronic, and personal care industry majorly in countries like China, India, and Japan among others. A significant increase in e-commerce business development is driving the market in the area.
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Major Developments:
- In August 2021, DS Smith developed a completely recyclable e-commerce packaging for Blaue Helden. This sustainably developed e-commerce packaging from DS Smith imparts the environment-friendly cleaning tabs from Blaue Helden, an enhanced appearance catering to online retail, with 100% corrugated cardboard and no plastic filling material at all.
- In March 2021, International Paper completed the purchase of two state-of-the-art corrugated box plants in Spain. This purchase will enhance the capabilities of the company in Madrid and Catalonia. Corrugated packaging business is of strategic importance to the company with respect to the EMEA. It offers its customers high-quality packaging solutions in the industrial, fresh fruits and vegetables, and e-commerce segments. The two businesses have been the part of International Paper from April 1, 2021.
Major questions answered in the report:
- What are the major contribution factors, trends and challenges in the global cardboard boxes and container manufacturers market?
- Which top companies are contributing in the growth of global cardboard boxes and containers manufacturers market?
- Which regional segment accounts for the largest revenue share in the global cardboard boxes and containers manufacturers market?
Key Takeaways from the report:
- Deep-insights on regional analysis along with other segmental analysis.
- Qualitative and Quantitative analysis of challenges, trends and growth factors.
- The global corrugated boxes market size is estimated at USD 70.03 Billion in 2022 and is projected to reach USD 92.94 Billion by 2030, growing at a CAGR of 3.6%.
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